Rehmann Capital Advisory Group Decreases Holdings in GoDaddy Inc. $GDDY

Rehmann Capital Advisory Group trimmed its position in shares of GoDaddy Inc. (NYSE:GDDY) by 12.7% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,361 shares of the technology company’s stock after selling 198 shares during the period. Rehmann Capital Advisory Group’s holdings in GoDaddy were worth $245,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Cornerstone Planning Group LLC raised its holdings in shares of GoDaddy by 123.4% during the 1st quarter. Cornerstone Planning Group LLC now owns 143 shares of the technology company’s stock valued at $25,000 after buying an additional 79 shares in the last quarter. Bayforest Capital Ltd purchased a new position in shares of GoDaddy during the 2nd quarter valued at about $26,000. Park Square Financial Group LLC purchased a new position in shares of GoDaddy during the 1st quarter valued at about $27,000. Private Trust Co. NA increased its stake in GoDaddy by 591.3% in the 1st quarter. Private Trust Co. NA now owns 159 shares of the technology company’s stock worth $29,000 after purchasing an additional 136 shares during the period. Finally, Zions Bancorporation National Association UT purchased a new position in GoDaddy in the 1st quarter worth approximately $30,000. 90.28% of the stock is owned by hedge funds and other institutional investors.

GoDaddy Price Performance

Shares of GDDY stock opened at $130.92 on Friday. The firm has a market cap of $18.13 billion, a P/E ratio of 23.38, a P/E/G ratio of 1.43 and a beta of 0.98. GoDaddy Inc. has a fifty-two week low of $127.65 and a fifty-two week high of $216.00. The business’s 50 day moving average price is $140.63 and its 200-day moving average price is $162.25. The company has a debt-to-equity ratio of 9.33, a quick ratio of 0.64 and a current ratio of 0.64.

GoDaddy (NYSE:GDDY) last issued its quarterly earnings data on Thursday, August 7th. The technology company reported $1.41 earnings per share for the quarter, topping analysts’ consensus estimates of $1.34 by $0.07. The firm had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.21 billion. GoDaddy had a return on equity of 189.42% and a net margin of 17.01%.The business’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same period last year, the company earned $1.01 EPS. GoDaddy has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, equities research analysts anticipate that GoDaddy Inc. will post 6.63 earnings per share for the current year.

Insider Transactions at GoDaddy

In related news, Director Brian Sharples sold 500 shares of GoDaddy stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $136.57, for a total transaction of $68,285.00. Following the sale, the director directly owned 20,457 shares in the company, valued at $2,793,812.49. The trade was a 2.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Mark Mccaffrey sold 3,326 shares of GoDaddy stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $142.21, for a total value of $472,990.46. Following the sale, the chief financial officer owned 70,133 shares in the company, valued at $9,973,613.93. This represents a 4.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 27,203 shares of company stock worth $4,031,238. Corporate insiders own 0.70% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on GDDY shares. Barclays decreased their price target on GoDaddy from $235.00 to $200.00 and set an “overweight” rating on the stock in a research note on Friday, August 8th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of GoDaddy in a research note on Wednesday, October 8th. UBS Group decreased their price target on GoDaddy from $215.00 to $160.00 and set a “neutral” rating on the stock in a research note on Tuesday, September 30th. Raymond James Financial decreased their price target on GoDaddy from $225.00 to $175.00 and set a “strong-buy” rating on the stock in a research note on Friday, August 8th. Finally, Wells Fargo & Company decreased their price target on GoDaddy from $157.00 to $145.00 and set an “equal weight” rating on the stock in a research note on Monday, October 6th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $199.00.

GoDaddy Profile

GoDaddy Inc engages in the design and development of cloud-based products in the United States and internationally. It operates through two segments: Applications and Commerce, and Core Platform. The Applications and Commerce segment provides applications products, including Websites + Marketing, a mobile-optimized online tool that enables customers to build websites and e-commerce enabled online stores; and Managed WordPress, a streamlined and optimized website building that allows customers to easily build and manage a faster WordPress site; Managed WooCommerce Stores to sell anything and anywhere online; and marketing tools and services, such as GoDaddy Studio mobile application, search engine optimization, Meta and Google My Business, and email and social media marketing designed to help businesses acquire and engage customers and create content.